nanos007 on Nostr: Bitcoin’s price has faced increasing resistance when moving upwards, leading to ...
Bitcoin’s price has faced increasing resistance when moving upwards, leading to diminishing returns. Long-term, the price has grown slower and slower. Short-term, volatility has decreased, and bull markets have taken longer to develop and pop. These observations agree with the logic that as the price of bitcoin increases, price movements require ever more capital. For this reason, these two trends are expected to continue in the future. If these trends continue into the future, it will invalidate predictions and models that are based on expectations of non-diminishing returns, which will prove to be too optimistic.
Published at
2023-09-12 21:40:19Event JSON
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"content": "Bitcoin’s price has faced increasing resistance when moving upwards, leading to diminishing returns. Long-term, the price has grown slower and slower. Short-term, volatility has decreased, and bull markets have taken longer to develop and pop. These observations agree with the logic that as the price of bitcoin increases, price movements require ever more capital. For this reason, these two trends are expected to continue in the future. If these trends continue into the future, it will invalidate predictions and models that are based on expectations of non-diminishing returns, which will prove to be too optimistic.",
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